Billionaire Profile
Dmitry Mazepin
Global Rank
#1626

Image: Public domain | via Wikimedia Commons

Dmitry Mazepin

CEO, Uralchem
RU
Real-Time Net Worth
$2.2B
As of December 2025
Age
57
Source
Chemicals
Industry
manufacturing
Citizenship
RU

Biography

Dmitry Mazepin, born in Minsk, Belarus, on April 18, 1968, is a prominent Belarusian-Russian businessman primarily known for his ventures in the chemical and fertilizer industries. His source of wealth stems from the chemicals sector, where he founded Uralchem Group in 2004, which became one of Russia's largest producers of mineral fertilizers. Mazepin's career also includes executive positions in companies like TNK and Sibur. Sanctioned by the EU and UK in March 2022, Mazepin has also been involved in philanthropic activities, including support for educational programs and social initiatives. His global rank among billionaires is #1626 on Forbes' 2025 Billionaires list.

Wealth Over Time

In-Depth Profile

Early Life and Education

Dmitry Arkadievich Mazepin was born on April 18, 1968, in Minsk, Byelorussian SSR, Soviet Union. He graduated from the Suvorov Military Academy in Minsk in 1985. He served as a military interpreter in Afghanistan from 1986 to 1988. In 1992, he graduated from the MGIMO University's Department of Economics. He also holds a degree from the Saint Petersburg Institute for Economics and Management.

Rise to Success

Mazepin started his career in the financial sector, holding positions in various banks. His business career gained momentum when he took executive roles at major Russian private and government-owned companies like Nizhnevartovskneftegaz and Sibur. In 2004, he founded Uralchem Group. Through Uralchem, Mazepin acquired significant stakes in several chemical and fertilizer companies. In 2013, Uralchem acquired 20% of Uralkali.

Key Business Strategies

A key strategy was acquiring stakes in chemical and mineral fertilizer companies, which consolidated under the Uralchem Group. He also served as the Chairman of the Russia-Zimbabwe Business Council, aligning with a strategy to expand influence.

Philanthropy

Mazepin was listed as one of Russia's most charitable billionaires by Forbes in 2013. In 2012, he spent $700,000 on charitable causes. He also founded a foundation, "We compete as one", to help athletes who have been barred from competing for political reasons.

Career Milestones

1985

Graduated from Suvorov Military Academy

Graduated from Suvorov Military Academy in Minsk.

1992

Graduated from MGIMO University

Obtained a degree from MGIMO University's Department of Economics.

2004

Founded Uralchem Group

Founded Uralchem Group and acquired shares in chemical plants.

2013

Acquired a 20% stake in Uralkali

Acquired a significant stake in Uralkali, a major fertilizer producer.

2022

Sold controlling stake in Uralchem and Resigned as CEO

Sold a 52% stake in Uralchem and resigned as CEO following sanctions.

2024

Elected President of Aquatics Federation of Russia

Elected as President of the Aquatics Federation of Russia.

Philanthropy & Social Impact

Social Welfare

Support for Large Low-Income Families

$0.7B

In 2012, Mazepin spent $700,000 on charitable causes, primarily on a project providing cars for large low-income families in the Kirov region.

Sports & Humanitarian Aid

We Compete as One Foundation

Undisclosed

Founded a foundation to help athletes barred from competing due to political reasons.

Controversies & Challenges

2000s

Conflicts of Interest

Accusations of conflicts of interest during his time at the Russian Government Property Fund.

2000s

Gazprom Asset Disputes

Involvement in conflicts related to Gazprom assets.

2000s

Togliattiazot Corporate Raid Allegations

Accusations of using 'raider methods' to take over Togliattiazot.

2022

Sanctions

Sanctioned by the EU and UK following the 2022 Russian invasion of Ukraine.

2025

F1 Paddock Visit Controversy

Controversy surrounding his visit to the F1 paddock in Bahrain despite sanctions.